I wear the same clothes every day so that I can focus on building the best products and services.
What is the ONE thing you can do such that by doing it everything else will be easier or unnecessary? That question changed my life and it has changed the lives of millions of people who read the book.
Datadog added error tracking. New Relic added error tracking. Dynatrace added error tracking. We are not worried. When error tracking is your one thing versus their fifteenth feature, you win on depth every time.
I prefer sending emails at 3 AM about product bugs to giving keynote speeches. The product is the speech.
I don't need to be in New York. I don't need to be on CNBC. I need to read annual reports and think. Richmond is perfect for that.
People who learn to say no to things have a much greater chance of saying yes to the right things.
We exited 14 countries. That is 14 painful decisions. But focus requires saying no more often than yes.
The FAA will decide if we fly. That is the only approval that matters. Everything else is noise.
We pulled back from some markets to focus on profitability. Discipline over growth. Hard lesson learned.
$310 billion under management. No Instagram. No podcast. The work speaks.
You do not need to understand everything to make a great decision. You need to understand the one thing that matters most — and price it correctly.
I never rooted against an opponent. I only rooted for myself.
Small funds force discipline. You can’t hide bad bets behind 50 portfolio companies when you only have 15.
I started with one restaurant. Every empire starts with one thing done well.
The secret to business is to find out what your customer really needs and cut everything else.
A conglomerate is only as strong as its weakest business. If one division is bleeding, it drains everything.
Yahoo was spreading itself like peanut butter across every possible product. Thinly spread, no depth anywhere. That is a recipe for mediocrity at scale.
We invest early, in areas where we have deep expertise and a real track record.
We stay in the sectors we understand. Technology, consumer, healthcare. Outside that, we are just guessing.